Market Movers

FedEx Corporation’s Stock Price Soars to $278.66, Marking a Robust 2.51% Uptick

By December 27, 2024 No Comments

FedEx Corporation (FDX)

278.66 USD +6.82 (+2.51%) Volume: 1.74M

FedEx Corporation’s stock price stands at 278.66 USD, marking a positive trading session with a rise of +2.51%. With a robust trading volume of 1.74M and an impressive YTD percentage change of +10.28%, the FDX stock continues to exhibit a strong performance in the market.


Latest developments on FedEx Corporation

Today, FedEx Corp stock price movements are influenced by a series of key events. The company reported a revenue dip in Q2 and announced the split of its Freight division, a move seen as a ‘huge value unlock’ by analysts. Despite this, renowned investor Jim Cramer praised FedEx CEO Raj Subramaniam, highlighting the company’s potential for wealth creation. With FedEx outperforming UPS in 2024, investors are now evaluating which dividend stock is the better buy for 2025. As FedEx reveals its value-building plan for the future, the stock is showing ‘bad action’ as support crumbles, indicating a volatile market response to the company’s strategic decisions.


FedEx Corporation on Smartkarma

Analysts at Baptista Research on Smartkarma have been closely following FedEx Corp‘s recent strategic moves. In one report titled “FedEx’s $30 Billion Spin-Off: A Game-Changer for Freight and Shareholders? – Major Drivers,” they discuss the company’s plan to spin off FedEx Freight into a standalone publicly traded entity. This move, estimated to unlock over $30 billion in value, is seen as a strategic step to enhance focus, competitiveness, and shareholder value. The analysts lean towards a bullish sentiment, highlighting the potential benefits of this transformative journey.

Another report by Baptista Research, “FedEx Corporation: Dealing With Market Conditions & Volume Management – Major Drivers,” delves into the company’s fiscal year 2025 first quarter earnings call. The analysts evaluate the challenges and successes faced by FedEx Corporation in a complex economic landscape. They use a Discounted Cash Flow methodology to independently assess the company’s valuation and discuss the factors that could influence its price in the near future. With a bullish sentiment, the analysts aim to provide insights into how market conditions and volume management may impact FedEx Corp‘s performance.


A look at FedEx Corporation Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth3
Resilience3
Momentum2
OVERALL SMART SCORE3.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, FedEx Corp is showing strong performance in value and dividend factors, with both scoring a 4 out of 5. This indicates that the company is considered to have a positive long-term outlook in terms of its financial health and ability to provide returns to shareholders. While growth and resilience scores are slightly lower at 3, FedEx Corp still demonstrates stability and potential for expansion in the future. However, the momentum score of 2 suggests that the company may be facing some challenges in terms of market trends and investor sentiment.

FedEx Corp, a global leader in package and freight delivery services, continues to maintain a solid position in the industry. With a diverse range of services and a strong global network, the company is well-equipped to navigate through changing market conditions and economic uncertainties. While there may be some areas for improvement highlighted by the Smartkarma Smart Scores, overall FedEx Corp‘s outlook remains positive, with a solid foundation for continued growth and success in the long term.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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